Media Release
Mangaluru, Jun 24: MCC Bank Ltd, which has completed 114 years of dedicated service, has achieved significant growth across key business parameters for the financial year ended March 31, 2026.
The bank has crossed a milestone business turnover of Rs 1,535 crore, registering a growth of 22.89%. Its net worth has increased from Rs 83.76 crore to Rs 91.80 crore, with continued support from its NRI clientele.
Under the present board, MCC Bank has expanded its area of operations across Karnataka and functions entirely on core banking technology, offering a wide range of financial products and services on par with private and public sector banks. The bank is also focusing on further expansion of its branch network across the state.
Since Sahakara Ratna Anil Lobo and his team took charge in 2018, MCC Bank has witnessed remarkable growth. Deposits increased from Rs 304 crore to Rs 876 crore (188% growth), loans and advances rose from Rs 191 crore to Rs 657 crore (243% growth), share capital increased from Rs 13 crore to Rs 34 crore (161% growth), and reserves grew from Rs 29 crore to Rs 85 crore (193% growth).
The bank’s business turnover has grown from Rs 496 crore to Rs 1,535 crore, a growth of 209%. CRAR improved from 11.70% to 16.55%, while Return on Assets increased from 0.56% to 1.40%.
Through the dedicated efforts of the management team, staff, and strategic planning, MCC Bank has successfully complied with all Reserve Bank of India (RBI) regulatory requirements. After a gap of 22 years, the bank resumed branch expansion by opening new branches at Brahmavar, Beltangady, Belman, Byndoor, and Santhekatte.
Announcing the expansion plans, Anil Lobo stated that MCC Bank will inaugurate its 22nd branch at Deralakatte, Mangaluru, on June 28, followed by its 23rd branch at Katapadi, Udupi, on August 2.
The Deralakatte branch inauguration programme will be presided over by Anil Lobo, chairman of MCC Bank. Fr Victor Dmello, parish priest of Our Lady of Mercy Church, Panir, will bless the premises. U T Khader, minister of Health and Family Welfare, Karnataka, will inaugurate the branch. Sr Milly Fernandes, superior general of the Ursuline Franciscan Congregation, will be the chief guest.
Fr Nilesh Crasta, administrator of Father Muller Homoeopathic College, Deralakatte; Divya Sathish Shetty, president of Kotekar town panchayat; and C M Sattar, former president of Belma gram panchayat, will be the guests of honour.
Along with the inauguration of the Deralakatte branch, MCC Bank’s 16th ATM will also be inaugurated. The bank has also announced the shifting of its Morgansgate Branch on July 25, the Moodbidri Branch on August 22, and the relocation of the Karkala Branch to its own premises on August 26.
MCC Bank continues to offer a wide range of financial services, including low-cost locker facilities, education loans for domestic and overseas studies, MSME loans, vehicle loans, housing loans, house repair loans, wedding loans, and household purchase loans. Gold loans are provided without processing fees, while ATM and mobile banking services are offered free of charge. Deposits with MCC Bank are insured under the DICGC guidelines of the RBI.
The press meet, held on Wednesday, June 24, at the head office of MCC Bank, Hampankatta, was attended by chairman Anil Lobo, vice chairman Jerald Jude D’Silva, directors Andrew D’Souza, Dr Gerald Pinto, Anil Patrao, J P Rodrigues, David D’Souza, Elroy Kiran Crasto, Herald Monteiro, Roshan D’Souza, Melvyn Vas, Vincent Lasrado, C G Pinto, Sushanth Saldanha, Irene Rebello, Dr Freeda D’Souza, Alwyn Monteiro, Felix D’Cruz, Sharmila Menezes, and General Manager Sunil Menezes.